The Saints current crop of receivers feature Marques Colston and Robert Meachem as the two guys that are guaranteed roster spots. Lance Moore does not have a contract with the team and depending on how the new labor deal works out, he'll either be a restricted free agent or an unrestricted free agent. Either way, he's expressed discontent over how his contract situation has played out so it's uncertain whether or not he'll be back. The Saints want him back, no doubt, but I get the sense Lance Moore values his worth higher than what the Saints are willing to pay him. Another receiver who is making strides is Adrian Arrington. Arrington is a promising young player that should get a shot next season. Whether or not that means the end for Henderson remains to be seen.
Personally, even if Arrington stays healthy and Lance Moore gets re-signed, I still think Henderson has a chance to stay on the Saints. That said, I did feel like his blazing speed regressed a bit last season. To me he looked a little heftier and I wonder whether he lost a step which could have caused his major drop off in performance. Henderson has always been a poor route runner and he's always had very inconsistent hands, but the one advantage he has always had against anyone he lined up against was elite speed. My perception is the drop off in that department left him as a below average player and the statistics last season showed that. If I'm the Saints, I'm encouraging Devery to get to whatever playing weight gives him the separation speed he needs to be effective if he wants to continue generating that kind of income.